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V_GLOFAANCLCODE - Define National Classification Code(s)

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In countries/regions which use the National Fixed Asset Classification Code, each fixed asset can be assigned to a specific National Classification Code. National Fixed Asset Classification Codes are published by the government.

The National Classification Code provides the classification for industry and tax depreciation purposes.

The National Fixed Asset Classification Code is used by reports which are issued to the Central Statistical Office, and are also used for tax audit purposes.

A country/region may define the specific National Classification Codes for: Office Buildings, Special Purpose Vehicles etc...

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